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The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
The growth was 1.7% in FY21 and 4.8% cent in FY20, a pre-pandemic year
Improving infra, ensuring low and stable inflation, and maintaining macroeconomic stability are critical for reviving animal spirits and spurring growth, says an article published in RBI bulletin
Microfinance lenders cannot charge usurious rate of interest from borrowers, the Reserve Bank said on Monday
Both the Payment System Operators (PSOs) had authorisation for issuance and operation of prepaid payment instruments
The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP
From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021
USSD 2.0, which facilitates UPI for feature phones, accounts for only 0.003 per cent of total UPI volumes and value transactions
A day after NCLT admitted RBI's petition for insolvency resolution of Reliance Capital, the central bank on Tuesday said it has retained the three-member Advisory Committee to assist the newly appointed administrator of the crisis-ridden NBFC.
On November 15, the RBI official met union leaders asking them to call off their protest and co-operate for early settlement of wage negotiations
Will Haryana's new job quota rule hurt MSMEs? Can RBI-RD scheme spur retail interest in bonds? How does Ather Energy CEO Tarun Mehta plan to take on competition in the EV space? Answers here
It seems that the RBI had very little choice as the promoters did not infuse fresh capital, make adequate provisioning and improve corporate governance
RBI retained the GDP forecast for the current financial year at 9.5 per cent and flagged semiconductor shortages, elevated commodity prices and potential global market volatility as downside risks
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At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks
RBI announced the second tranche of Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 1.0)
The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states.
The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates, they say
The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations